Inflation isn't at 10% but it seems like investing in infrastructure is a good idea. If we needed to pinch pennies we could start at the bloated military budget
Sure, they're helping an ally in a De facto war against Russia, but currently the us spends more on "defense" than both Russia and China combined, when it is technically at peace. In case of a war with China, are you expecting the military budget to not increase at all?
How does spending a lot of government money make goods and service more expensive?
EDIT: At least here in Western Europe, we mostly have a supply side inflation, because energy got a lot more expensive, not because the government has been "printing" a lot of money. I suspect it's the same in the US.
Yes, inflation is currently a world-wide issue, and explanations at the world level lead somewhat obviously to the pandemic and Russia's invasion of the Ukraine.
But here in the USA, people like to believe it must be political and local, completely unrelated to the totally-coincidental worldwide issue that happens to be very similar.
It does not unless that money is spent competing with businesses and citizens for resources. However, in this case the money had already been earmarked for rural internet service and is not being used to purchase goods and services that citizens would be buying instead.
Actually Europe has been printing a lot of money by having less than 0% interest rate for loan.
Current inflation is due to many factor, some estimate it has been slowly growing since 2008, plus covid where we printed money to just to keep business alive, plus negative interest rate that allowed countries to loan too much, etc...
But I suspect that subsidies for infrastructure is one of the least impactful factor for inflation.
Inflation isn't at 10% but it seems like investing in infrastructure is a good idea. If we needed to pinch pennies we could start at the bloated military budget
Right, in the middle of war with Russia and with war with China on the horizon. Great idea.
The US aren't at war with Russia.
Sure, they're helping an ally in a De facto war against Russia, but currently the us spends more on "defense" than both Russia and China combined, when it is technically at peace. In case of a war with China, are you expecting the military budget to not increase at all?
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When is the time US has not been at war? Maybe, we are inverting cause and effect here.. US is always at war because the budget allows for it?
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Wars we've provoked/are provoking but that's not a discussion relevant to the original submission
How does spending a lot of government money make goods and service more expensive?
EDIT: At least here in Western Europe, we mostly have a supply side inflation, because energy got a lot more expensive, not because the government has been "printing" a lot of money. I suspect it's the same in the US.
Yes, inflation is currently a world-wide issue, and explanations at the world level lead somewhat obviously to the pandemic and Russia's invasion of the Ukraine.
But here in the USA, people like to believe it must be political and local, completely unrelated to the totally-coincidental worldwide issue that happens to be very similar.
>But, here in the USA people like to believe it must be political...
Cool, whats your prognoses for effectiveness of the Reduce Inflation Act
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It does not unless that money is spent competing with businesses and citizens for resources. However, in this case the money had already been earmarked for rural internet service and is not being used to purchase goods and services that citizens would be buying instead.
Actually Europe has been printing a lot of money by having less than 0% interest rate for loan. Current inflation is due to many factor, some estimate it has been slowly growing since 2008, plus covid where we printed money to just to keep business alive, plus negative interest rate that allowed countries to loan too much, etc...
But I suspect that subsidies for infrastructure is one of the least impactful factor for inflation.
Damn, this project is even hurting me in the UK then because we're also at 10%. Curse you Jared.
Yeah I'm sure this is the exact US "government waste" driving the global inflation right now.
That doesn't make any sense.